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Mayr-Melnhof Karton AG — M&A Activity 2013
Nov 7, 2013
750_rns_2013-11-07_8ddc63b5-4a4b-4f36-a9b3-a371eb253a1b.html
M&A Activity
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Corporate | 7 November 2013 15:28
Mayr-Melnhof Karton AG: Mayr-Melnhof Group grows and continues Consolidation on European Folding Carton Market strengthening its Position in Russia
Mayr-Melnhof Karton AG / Key word(s): Acquisition
07.11.2013 / 15:28
MM Packaging today signed an agreement to acquire three A&R Carton sites
one each in St. Petersburg, Timashevsk, Southern Russia, and Augsburg,
Germany.
The market share and customer portfolio fit very well into the ongoing
growth strategy of MM Packaging and generate revenues worth EUR 122 million
in 2013. About 50,000 tons of cartonboard are converted per annum.
The operations concentrate on rotogravure printing, particularly for
tobacco packaging and general packaging for consumer goods manufacturers in
Russia respectively. Global relationships with customers will be further
strengthened through this growth step.
The preliminary purchase price will amount to approximately EUR 100
million.
'The core component of this acquisition lies in its high consolidation
potential, which should allow for an attractive value creation', comments
CEO, Mr. Wilhelm Hörmanseder on the strategic reasoning for the MM Group.
For further information please contact:
Stephan Sweerts-Sporck
Investor Relations
Mayr-Melnhof Karton AG
Brahmsplatz 6
A-1041 Vienna
Tel.: (+43/1) 50136 - 91180
Fax: (+43/1) 50136 - 91195
e-mail: [email protected]
Website: http://www.mayr-melnhof.com
End of Corporate News
07.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: [email protected]
Internet: www.mayr-melnhof.com
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
238600 07.11.2013